ECONOMICS SYLLABUS. under : Note :

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1 (1) (2) Note : SYLLABUS ECONOMICS There are Three Papers for each of the subjects. Paper-I on Teaching and Research aptitude, Paper -II and Paper-III based on the syllabus of concerned subjects. Details are furnished below : PAPER -I Subject : General Paper on Teaching & Research Aptitude The test is intended to assess the teaching/research aptitude of the candidate. They are supposed to possess and exhibit cognitive abilities like comprehension, analysis, evaluation, understanding the structure of arguments, evaluating and distinguishing deductive and inductive reasoning, weighing the evidence with special reference to analogical arguments and inductive generalization, evaluating, classification and definition, avoiding logical inconsistency arising out of failure to see logical relevance due to ambiguity and vagueness in language. The candidates are also supposed to have a general acquaintance with the nature of a concept, meaning and criteria of truth, and the source of knowledge. There will be 60 questions, out of which the candidates can attempt any 50. In the event of the candidate attempting more than 50 questions, the first 50 questions attempted by the candidate will only be evaluated. 1. The Test will be conducted in objective mode from SET 2012 onwards. The Test will consist of three papers. All the three papers will consists of only objective type questions and will be held on the day of Test in two separate sessions as under : Session First First Second Paper I II III Number of Questions 60 out of which 50 questions are to be attempted 50 questions all ofwhich are compulsory 75 questions all of which are compulsory Marks Duration 50%2=100 1¼ Hours 50%2=100 1¼ Hours 75%2=150 2½ Hours 2. The candidates are required to obtain minimum marks separately in Paper-II and Paper -III as given below Minimum marks (%) to be obtained Category Paper-I Paper-II Paper-III General 40 (40%) 40 (40%) 75 (50%) OBC 35 (35%) 35 (35%) PH/VH/ SC/ST 67.5 (45%) rounded off to (35%) 35 (35%) 60 (40%) Only such candidates who obtain the minimum required marks in each Paper, separately, as mentioned above, will be considered for final preparation of result. However, the final qualifying criteria for eligibility for Lectureship shall be decided by Steering Committee before declaring of result. 3. The syllabus of Paper-I, Paper-II and Paper-III will remain the same.

2 (3) (4) ECONOMICS PAPER - II 1. Micro-economic Analysis Demand analysis Marshallian, Hicksian and Revealed preference approaches Theory of Production and Costs Pricing and output under different forms of market structure Factor Pricing analysis Elements of general equilibrium and new welfare economics 2. Macro economic Analysis Determination of output and employment Classical approach. Keynesian approach, Consumption hypotheses Demand for Money Fisher and Cambridge versions. Approaches of Keynesian, Friedman, Patinkin, Baumol and Tobin Supply of Money, Determinants of money supply, High powered money, Money multiplier Phillips curve analysis Business cycles Models of samuelson, Hicks and Kaldor Macro economic Equilibrium Relative roles of monetary and fiscal policies. 3. Development and Planning Economic Growth. Economic Development and sustainable Development Importance of institutions Government and markets Perpetuation of underdevelopment Vicious circle of proverty, circular causation, structural view of under development Measurement of development conventional, HDI and quality of life indices. Theories of Development Classical, Marx and Schumpeter : Economic Growth Harrod Domar model, instability of equilibrium, Neoclassical growth Solow s model, steady state growth. Approaches to development : Balanced growth, critical minimum effort, big push, unlimited supply of labour, unbalanced growth, low income equilibrium trap Indicators and measurement of poverty. Importance of agriculture and industry in economic development choice of techniques and appropriate technology Investment criteria Elementary idea of cost benefit analysis Trade and Aid International trade as engine of growth Globalization and LDC s Objectives and role of monetary and fiscal policies in economic development Techniques of planning; Plan models in India; planning in a market oriented economy 4. Public Finance Role of the Government in Economic activity Allocation, distribution and stabilization function; Private, Public and Merit goods The public Budgets Kinds of Budgets, Zero base budgeting, different concepts of budget deficits; Budgets of the Union Government of India Public expenditure hypotheses; effects and evaluation Public Revenue Different approaches to the division of tax burden, incidence and effects of taxation; elasticity and buoyancy; taxable capacity. Public Debt Sources, effects, burden and its management Fiscal Federalism Theory and problems; Problems of Centre State Financial relation in India. Fiscal Policy Neutral and compensatory and functional finance; balanced budget multiplier

4 (7) (8) of Joan Robinson and Kaldor; Technical Progress - Hicks, Harrod and learning by doing, production function approach to the determinates of growth : Endogenenous growth : role of education, research and knowledge - explanation of cross country differentials in economics development and growth. Theories of development - Classical, Marx, Schumpter and structure analysis of development - Imperfect market paradigm, Lewis model of development, Ranis-Fei model, Dependency theory of development Fectors in economy development-natural resources, population, capital, Human Resource Development and infrastructure. Trade and development - trade as engine of growth, two - gap analysis, Prebisch, Singer and Myrdal views; gains from trade and LDCs Unit - IV Theories of taxation, types, incidence and effects Theories of public expenditure - effects on savings, investment and growth Burden of public debt Union Finance - Trends in Revenue and Expenditure of the Government of India State finance - Trends in revenue and Expenditure of the State Governments Public Debt - India's Public debt since growth composition, ownership pattern and debt management Union - State Financial Relations - Horizontal and vertical imbalances: the finance Commissions Fiscal Policy and Fiscal Reforms in India Unit - V 'Monetary approach' and adjustment in the balance of payments Regional blocs - multilateralism and world trading system The Political Economy of imposition of non-tariff barriers International trade under conditions of imperfect competition in goods market Theory of international reserves Optimum Currency Areas - Theory and impact in the developed and developing countries WTO and its impact on the different sectors of the economy Unit - VI Components of money supply Role, constituents and functions of money and capital markets RBI - recent monetary and credit policies Commercial banks and cooperative banks Specialized financial and investment institutions Non-Bank financial institutions and regional Rural Banks Unit - VII Industrial structure and economic growth Pattern of industrialization - Public and Private; large and small industries Theories of Industrial location - Indian experience Industrial productivity - measurement, partial and total trends Industrial Finance in India Industrial labour - Problems, policies and reforms in India Economic Reforms and industrial growth Unit - VIII Population and Economic development - interrelation between population, development and environment, sustainable development Malthusian theory of population, Optimum theory of population theory of demographic transition, population as 'Limits to Growth and as 'Ultimate Source' Concepts of Demography - Vital rates, Life tables, composition and uses, Measurement of fertility - Total fertility rate, gross and net reproduction rate - Age pyramids, population projection stable, stationary and

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